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Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following data. (Round your answers to 2 decimal places. Omit
Calculate the Gross Debt Service (GDS) and the Total Debt Service (TDS) ratios for the following data. (Round your answers to 2 decimal places. Omit the "\%" sign in your response.) Monthly mortgage payment =$2,725 Property taxes =$325 Heating costs =$240 Other housing costs =$195 Personal loan payment =$275 Car loan payment =$325 Credit card payment =$275 Gross monthly household income =$14,050 Dicture Click here for the Excel Data File Estimate the affordable monthly mortgage payment, the affordable mortgage amount, and the affordable home purchase price for the ollowing situation using the Total Debt Service ratio. (Refer to Exhibit 7-7 and Exhibit 7-8) (Round time value factor to 2 decimal places, intermediate and final answers to the nearest dollar amounts. Omit the " $ " sign in your response.)
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